Company Overview
Funding Plus Ltd is a Dissolved Private Limited Company.
Registered Address

30 Miller Road, Ayr, KA7 2AY
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Companies House Data
Company NameFUNDING PLUS LTD
Company NumberSC475359
Registered Office Address30 Miller Road
 KA7 2AY
Company CategoryPrivate Limited Company
Company StatusDissolved
Country of OriginUnited Kingdom
Incorporation Date15/04/2014
Accounting Reference Date Day31
Accounting Reference Date Month5
Accounts Next Due Date28/02/2023
Accounts Last Made Up Date31/05/2021
Accounts Account CategoryMICRO ENTITY
Returns Next Due Date13/05/2017
Returns Last Made Up Date15/04/2016
Previous Company NameChanged Date
DRUMMOND MASSON LTD24 Feb 2016
Directors & Members
Show Resigned
David Morgan - Director
(British, 61 years old, born April 1965)
Appointed 15 April 2014
Active
Secretaries
No Secretaries Appointed
Balance Sheet Unlock full report
Accounts Date 31-May-2021 31-May-2020 31-May-2019
Balance Sheet
Fixed Assets 0 0 0
Current Assets 53,245 117,524 111,347
Creditors Due Within One Year 98,096 -4,152 1,388
Working Cap -44,851 121,676 109,959
Total Assets Less Current Liabilities -44,851 121,676 109,959
Long-term Liabilities 50,000 208,866 162,553
Net Assets -94,851 -87,190 -52,594
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds -94,851 -87,190 -52,594
Common Size Financial Analysis Unlock full report
Accounts Date 31-May-2021 31-May-2020 31-May-2019
Tangible Fixed Assets - - -
Fixed Assets 0.0% 0.0% 0.0%
Stocks Inventory - - -
Debtors - - -
Cash Bank In Hand - - -
Current Assets 100.0% 100.0% 100.0%
Creditors Due Within One Year 184.2% -3.5% 1.2%
Net Current Assets Liabilities -84.2% 103.5% 98.8%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds -178.1% -74.2% -47.2%
Capital Employed - - -
Total Assets Less Current Liabilities -84.2% 103.5% 98.8%
Financial Ratio Analysis Unlock full report
Accounts Date 31-May-2021 31-May-2020 31-May-2019
Liquidity Ratio 0.5 -28.3 80.2
Solvency Ratio 0.4 0.6 0.7
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-May-2021 31-May-2020 31-May-2019
Assets 53,245 117,524 111,347
Debt 148,096 204,714 163,941
Net Assets/Debt -94,851 -87,190 -52,594
Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due
Paid After
30 days due
Owing Before
30 days due
Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.

Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Final Gazette dissolved following liquidation
Registered office address changed from 2nd Floor, 18 Bothwell Street Glasgow G2 6NU to 30 Miller Road Ayr KA7 2AY on 22 September 2022
Registered office address changed from 8a Tweed Mills Dunsdale Road Selkirk Scottish Borders TD7 5DZ Scotland to 2nd Floor, 18 Bothwell Street Glasgow G2 6NU on 22 March 2022
Resolutions
Change of details for Mr David William Morgan as a person with significant control on 2 March 2022
Cessation of Peter Wilson Buglass as a person with significant control on 2 March 2022
Termination of appointment of Peter Wilson Buglass as a director on 2 March 2022
Change of details for Mr David William Morgan as a person with significant control on 1 October 2021
Change of details for Mr Peter Wilson Buglass as a person with significant control on 1 October 2021
Registered office address changed from Unit 8a Dunsdale Road Selkirk Scottish Borders TD7 5DZ Scotland to 8a Tweed Mills Dunsdale Road Selkirk Scottish Borders TD7 5DZ on 8 October 2021
Director's details changed for Mr Peter Wilson Buglass on 1 October 2021
Director's details changed for Mr David William Morgan on 7 October 2021
Registered office address changed from Unit 8 Dunsdale Road Selkirk TD7 5DZ Scotland to Unit 8a Dunsdale Road Selkirk Scottish Borders TD7 5DZ on 1 October 2021
Change of details for Mr Peter Wilson Buglass as a person with significant control on 1 October 2021
Director's details changed for Mr David William Morgan on 1 October 2021
Director's details changed for Mr Peter Wilson Buglass on 1 October 2021
Change of details for Mr David William Morgan as a person with significant control on 1 October 2021
Registered office address changed from 11 Island Street Galashiels Scottish Borders TD1 1NZ Scotland to Unit 8 Dunsdale Road Selkirk TD7 5DZ on 27 September 2021
Change of details for Mr David William Morgan as a person with significant control on 24 September 2021
Director's details changed for Mr David William Morgan on 24 September 2021
Director's details changed for Mr Peter Wilson Buglass on 24 September 2021
Change of details for Mr Peter Wilson Buglass as a person with significant control on 24 September 2021
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